Report No. Report No. 2387
Analysis by: Harry Aloof
AUG 30, 2010
BROADRIDGE FINANCIAL SOLUTIONS (BR-NYSE): Technical
Viewpoint: From a low of $18.75 on Jul 1, 2010
prices rallied, reaching a high of $21.13 on Jul 27, 2010.
A decline saw prices pull back, reaching a low of $19.64 on Aug 12, 2010. Another rally saw prices penetrate resistance
line "A", closing yesterday at $21.36. Technicals:
MACD Index (MACD): A Buy Alert! was given on Aug 27, 2010 when the solid line crossed the dotted line to the upside. Support: Remains at $19.00. Resistance:
Is at $20.61. Point & Figure: Reversed to the
upside on Jul 12, 2010. A P&F downside reversal
takes place at $19.50. Summary: Technical indicators have
turned bullish. BUY! BROADRIDGE FINANCIAL SOLUTIONS (BR-NYSE) @ $21.50 Stop:
Use a protective stop of $20.13. BROADRIDGE FINANCIAL SOLUTIONS
is currently trading @ $21.36 plus $0.86 on Aug 28, 2010.Price Objective: $32.00. Risk/Reward: $1.38
VS. $10.50. Today's Risk Reward Ratio: 8:1
DISCLAIMER: This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN, its officers, stockholders, and employees and their families may have a long or short position in or may at any given time purchase or sell the securities or options relating thereto<